1989 WAEC SSCE Accounts Past Questions

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1989

When a buyer returns damages goods to the seller, the buyer receives a

1989

Which of the following in a classified form contains a permanent record of all transactions? The

1989

Outstanding rent of ₦300 is paid by the proprietor. The effect on the balance sheet is that

1989

The concept of Double Entry Book-Keeping states that

1989

The balance the provision for depreciation account is shown in the

1989

Discount allowed would appear on the

1989

The balance in the purchases ledger control account is

1989

Which of the following show s the stock at the start of an accounting period?

1989

A business marked up its cost by 50%. This would mean a gross profit of

1989

The drawings account of a sole proprietorship is transferred to the

1989

Which of the following would be posted to the proprietor's capital account?

1989

A sales for ₦2,570 was recorded in the day book as ₦2,750. The error committed was

1989

A cheque for ₦400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is

1989

Which of the following accounts belongs to the private ledger?

1989

Which of the following may have been recorded in the cash book and fail to appear in the Bank statement?

1989

The petty cash book can have

1989

The sales account is written up from

1989

When goods are sold for cash the credit entry goes to the

1989

1989 WAEC SSCE Accounts Past Questions

When a buyer returns damages goods to the seller, the buyer receives a

Which of the following in a classified form contains a permanent record of all transactions? The

Outstanding rent of ₦300 is paid by the proprietor. The effect on the balance sheet is that

The concept of Double Entry Book-Keeping states that

The balance the provision for depreciation account is shown in the

Discount allowed would appear on the

The balance in the purchases ledger control account is

Which of the following show s the stock at the start of an accounting period?

A business marked up its cost by 50%. This would mean a gross profit of

The drawings account of a sole proprietorship is transferred to the

Which of the following would be posted to the proprietor's capital account?

A sales for ₦2,570 was recorded in the day book as ₦2,750. The error committed was

A cheque for ₦400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is

Which of the following accounts belongs to the private ledger?

Which of the following may have been recorded in the cash book and fail to appear in the Bank statement?

The petty cash book can have

The sales account is written up from

When goods are sold for cash the credit entry goes to the

T. Trader sets aside from his private funds n1,500 for business purposes. The ₦1.500 would be referred to as

The bank column in the cash book shows a credit balance of ₦180. This means